>>5090848 lb
regarding Lockheed
Lockheed Martin Investment Management Co. disclosed last week that it unloaded almost all of its Apple stock and cut its holdings of Exxon by more than half.
The pension fund at defense contractor Lockheed Martin (ticker: LMT) unloaded almost all of its Apple (AAPL) stock in the fourth quarter, plowing cash into another tech darling, Alibaba Group Holding (BABA), according to disclosures made last week.
LMIMCo sold 150,000 Apple shares in the fourth quarter, cutting its investment to only 13,670 shares of the iPhone maker..
https://www.barrons.com/amp/articles/lockheed-pension-fund-sold-apple-stock-bought-alibaba-51549399936
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Apple is heavily weighted in the markets and with the guidance warning it gave on January 2nd
see
https://apnews.com/f1863e94d4254c6bafd0f8a960edf81b
Apple then produced it's earnings report and showed that sales in china had dropped by 27%. See cap 1
The next day the stock did this..cap 2
Deathe cross, a technical trading pattern indicating a major sell-off coming.
What is a Death Cross?
The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
https://www.investopedia.com/terms/d/deathcross.asp
While that has not habbened yet due to the markets being pushed up on low volume, well under daily averages, volume.,,it will. Charts do not lie. People and low volume market rally's do.